Newark Sublease

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Newark

Office Space Market Report

Number of Listings (last 90 days)
30
Median Rate ($/sqft/yr)
$14
Median Size (sqft)
1,250
As of: August 17, 2017

Newark Rates

The typical asking rate per listing is in the $10's per square foot per year. The Newark submarket is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 29% decrease in rent.

Newark Listing Supply

In the last 90 days, 2 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Newark are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,250 sqft. Most buildings in this market are close to 1 stories. Most buildings in this area were built in 1990 and are Class B.

Newark Community

Market Report

Trends and status of the commercial real estate market in Newark.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Newark.
Research